To Know About Rob Walton Net Worth, early life and personal life, read the full article. Robson, Samuel “Rob” Walton is a rich American who is the heir to Walmart’s fortune as the world’s largest retailer.
He is Helen Walton’s and Sam Walton’s eldest son, and he served as Chairman of Walmart from 1992 until 2015. Walton had a net worth of $62.0 billion as of March 2022, making him the 18th richest person on the planet.
|Net Worth:||$68 Billion|
|Date of Birth:||Oct 28, 1944 (77 years old)|
|Nationality:||United States of America|
Early Life of Rob Walton
Rob Walton was born in Tulsa, Oklahoma, on October 28, 1944. He is the eldest son of Walmart’s founder, Sam Walton.
Rob was reared with many other heirs and heiresses of the Walton fortune, including siblings Jim, Alice, and John, who died in 2005.
After creating several successful grocery stores across the United States, Rob’s father launched Walmart. Sam Walton was once regarded as the wealthiest person on the planet, and Walmart’s influence exploded during the 1980s.
Walmart has since grown internationally. Rob Walton attended the University of Arkansas upon graduation from high school. Walton obtained a bachelor of science in business administration after entering in 1966.
Additionally, he joined the Lambda Chi Alpha fraternity. Rob attended Columbia Law School after leaving the University of Arkansas and got his Juris Doctor in 1969.
Rob Walton Career
Rob Walton was offered the opportunity to work for Conner & Winters, a law firm that represented Walmart, after getting his law degree. Rob left Conner & Winters after several years of legal practice to join Walmart as a senior vice president.
He was named to the board of directors in 1982. Rob succeeded his father as chairman two days following his father’s death in 1992. Walton held this post until 2015, when he stepped down.
What Is the Net Worth of Rob Walton?
Rob Walton net worth is $68 billion. Rob, in addition to being a Walton heir, had a crucial part in the running of the Walmart corporation from 1992 to 2015 as Chairman.
This distinguishes him from his siblings and fellow heirs, as few of them have ever worked in the Walmart company. Rob has been one of the 15 richest persons in the world in recent years.
Rob Walton lives a secluded life and rarely does interviews, despite his extraordinary fortune. As a result, little is known about his personal life. Many further Walton heirs have this characteristic.
The Bowlen Trust (named after former team owner Pat Bowlen) announced on June 6, 2022, that it has reached an agreement to sell the Denver Broncos to Rob Walton for $4.5 billion. The trust’s beneficiaries are Pat Bowlen’s seven surviving children.
Relationship Satus of Rob Walton
Rob divorced his first wife and remarried Carolyn Funk after having three children with her. Walton married his third wife, Melani in 2005 after Funk and Walton split in 2000. Carrie Walton Penner is maybe his most famous child.
Information on Wealth
Through the Walton Family Holdings Trust and Walton Enterprises, Rob Walton holds a 13% share in Walmart. He also has a 25.5 percent ownership in Arkansas’ largest bank, Arvest Bank.
The total value of this ownership position is $1.6 billion. Since 1992, Walton has made nearly $11 billion in stock sales and dividends. Walton Enterprises also benefits his siblings, Alice and Jim Walton.
Rob Walton is known for keeping his personal life private and wants to avoid the spotlight. Rob is well-known for his collection of classic sports vehicles, however.
Walton is said to own a Ferrari 250 GTO worth anywhere from $35 million to $52 million, according to estimates. He also owns a Shelby Cobra from 1965, which is worth at roughly $820,000.
His Ferrari 250 LM is worth $14.6 million on the market, while his Ferrari 250 GT SWB is worth $4.1 million. We also know that Rob paid $12.1 million for a Ferrari 250 Testa Rossa in the past.
On the open market, this model is currently worth around $40 million. A 1960 Maserati T60 and a 1958 Scarab MKI are two other remarkable additions to his collection.
Rob set a new world record for the highest price paid for a single car at an auction when he bought his Ferrari 250 Testa Rossa for $12.1 million. Unfortunately, he purchased it from a foreign country, which proved to be a problem.
Walton was expecting to be charged the standard 2.5 percent import fee by US Customs. Rob’s lawyers tried to get the automobile duty-free status by claiming it was a collector’s item.
Rob’s valuable Testa Rossa, on the other hand, was designated a “regular” motor vehicle by US Customs, and he was forced to pay a $303,000 import fee.
In case you were wondering, $303,000 is around the same as a 2020 Ferrari 488 Pista. Rob Walton, on the other hand, is unlikely to be concerned about the import tariff because he earns that much from his Walmart dividends in less than an hour.
The Walton Family Foundation
According to a 2014 report, Rob Walton made no personal contributions to the Walton Family Foundation. The research was based on a thorough examination of the foundation’s tax returns over many years.
This is crucial since Walmart frequently deflects criticism by emphasizing its charitable efforts. Despite being one of the main benefactors of Walmart’s success.
This study appeared to show that Rob is not actually donating to this foundation. However, according to some accounts, he and his siblings have pledged $2 billion to the organization.
Rob purchased two pieces of land in Aspen, Colorado for $9.19 million in 2000. He never built anything on the property, which is located on the Roaring Fork River. Rob sold the combined plots for $30.8 million in June 2022.
Rob Walton Has Agreed to Buy the Denver Broncos for $4.65 Billion
According to a source familiar with the situation, a group led by billionaire Walmart heir Rob Walton has agreed to buy the Denver Broncos for $4.65 billion.
In a record-breaking deal that brings one of the world’s wealthiest people into the NFL and puts an end to years of drama surrounding one of the sport’s most iconic franchises. The deal was announced late Tuesday, but the price was not disclosed.
The transaction, which is still pending league clearance, is by far the most lucrative ever for a North American sports franchise and more than triple the previous top price for NFL team sales, which was around $2.3 billion.
Some Interesting Facts About Robson Walton
- Is Robson Walton a cigarette smoker? Yes
- Is Robson Walton a boozehound? Yes
- Robson Walton is a health-conscious individual. Robson Walton eats his dinner before 9 p.m.
- Volleyball and tennis are two of Robson Walton’s favourite sports.
- Robson Walton is a football fanatic.
- Robson Walton, whom he has adored since boyhood, has said that he has a crush on him.
Frequently Asked Questions
What is the full name of Rob Walton?
Samuel Robson “Rob” Walton is Rob Walton’s full name.
Who is Rob Walton married to?
Rob Walton has had two marriages. In 2005, he got married to Melani Lowman-Walton. In 2000, he married Carolyn Funk.